For SME

What We Need From You*

• Duly completed application form.
• Agency authority confirmation from Safaricom PLC.
• Evidence of trade in terms of cash flows for the last 12 months (from both Agency MIS and existing account from a financial institution, KCB or otherwise).
• Customer consent for KCB to get information from Safaricom’s auditor platform
• A letter of assignment of agency receivables duly signed by the customer and accepted by Safaricom
• Board resolution & Directors’ guarantees for limited liability companies (where applicable)
• Trading License & Registration Certificate
• Projected cash flows for the next 6 months for amount above Kes 5 Million
• Audited accounts for the last 3 years (only for limits above Kes 5 Million)
• Brief details of other lines of business and other sources of Income
• Commissions earned from Safaricom should be paid through the KCB account

*A bank representative may call you at any time to obtain further information in line with our KYC process. At no point shall you be asked for your PIN or passwords.  Remember, PIN yako siri yako.

Loan Rates & Fees*

• Interest rate - 13% (CBR rate 9% plus Bank Variable margin of 4%)
• Negotiation fees - 3%

*Charges are not inclusive of tax